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22. What is the simple annualised interest rate on a company transaction to raise $100 000 financing by drawing a bank bill With a face

22. What is the simple annualised interest rate on a company transaction to raise $100 000 financing by drawing a bank bill With a face value of $104 000, payable in 120 days? A. 4% B. 12% C. 12.17% D. 12.67%

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